U.S. Federal Reserve Rate Decision & Global Mortgage Outlook
The News: The Federal Open Market Committee (FOMC) will meet to decide the direction of the U.S. benchmark rate (held steady between 3.5% and 3.75%). Given high mortgage rates hovering around 6.7% and persistent inflationary pressures, this decision directly impacts secondary mortgage spreads, affordability, and overall volume in the global housing market through Q4.
